1067: Q&A: How Can I Pay Off My Mortgage Quickly? - Episode 1067

Investing in Real Estate with Clayton Morris | Investing for Beginners

Clayton Morris

How To, News, Education, Business News, Business, Investing

4.4 • 1.1K Ratings

🗓️ 8 July 2024

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

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Summary

If you want to pay off your mortgage before the scheduled payoff date, what's the best way to go about it? Should you utilize a HELOC, leverage other debt, or another method? That's the first question I'm tackling on today's show.

On today's Q&A episode, I'm answering listener questions about accelerated mortgage payoff, how to save up for a down payment, and transferring your rental properties into an LLC. You'll also hear a quick rundown of what's new in the world of real estate investing. Please join me for this encore episode of Investing in Real Estate!

Transcript

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0:00.0	Welcome to the investing in real estate show. I'm Clayton Morris, longtime real estate
0:09.2	investor and founder of the full service turnkey rental company that is Morris Invest and so I've done
0:14.7	thousands of deals and I've been able to answer a lot of questions here on the
0:17.8	show and it's exciting to be able to get your real estate related finance tax
0:22.2	related questions here and answer them in real time right on this show
0:25.8	and you can ask me any questions you want today is our Q&A episode just go to Morris Invest
0:30.2	that's our website Morris Invest. com slash Clayton.
0:34.0	That's how you can leave us a 30 second voicemail
0:36.0	about anything real estate related.
0:38.0	So a lot of interesting news happening in the real estate space
0:42.0	over the past week. Obviously we've seen
0:44.9	interest rates trick back down again. Housing market exploding in the demand for
0:50.2	rental properties is off the charts right now.
0:53.6	And there has been concern about lumber prices.
0:56.7	And so larger home builders like ourselves
0:59.5	have been able to lock in lumber prices at lower rates.
1:02.8	And where individual investors who
1:04.8	are getting their hands on property
1:06.1	or getting your hands on lumber right now,
1:07.9	they're paying really.
1:09.2	I mean, the prices have tripled.
1:12.9	So construction right now,
	...

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